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Meta cuts 11K employees, Binance/FTX fallout + Homeward CEO Dr. Jenny Schneider | E1608
This Week in Startups
Facebook Layoffs - $11,000 vs $16,000?
Facebook laid off 11,000 people according to the most recent version of this letter that was posted. This is one of the largest layoffs I've ever seen from a company that didn't shut down. There were reports of a decrease in overall spend that was not super significant. It seems as if the two divisions, if you will, the two companies within a company are being impacted relatively equally.
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